In 2012, Hong Kong Contemporary has launched its debut event in Hong Kong, drawing collectors from all over the world to Hong Kong, which was an extraordinary success. Hong Kong Contemporary is positioning itself to be a premier art fair in Hong Kong. We aim to create an art fair that is of high quality at reasonable cost. To realize this goal, we are launching the Budget art fair this year.

Recent research on the art industry shows that the galleries’ primary source of income comes from sales at art fairs rather then sales at the galleries themselves. This research confirms the importance of art fairs in the art industry. However, participation in major art fairs is very expensive to the point that it is not profitable for galleries to participate. Therefore, various hotel fairs have become increasingly popular in Asia.

In Budget art fair, our objective is to hold an art fair that is affordable by both exhibitors and art buyers. The cost for exhibitors can be as low as US$1,670.00. It will be a great opportunity for overseas galleries to promote their brands in this outreach art fair. While for buyers, the cost of artworks sold will be in the range less than US$3,800.00. This is an art fair you definitely cannot miss.

Gloucester Luk Kwok Hong Kong situated in the heart of Wanchai’s business district on Hong Kong Island, the hotel places you close to many iconic Hong Kong sites including the Convention and Exhibition Centre and the Hong Kong Academy of Performing Arts. The Wanchai Mass Transit Railway (MTR) Station is only a 5 minute walk from the hotel and will provide you fast and easy access to all other parts of Hong Kong, such as Causeway Bay and Admiralty.

At the same time of HKC Budget 2013, Hong Kong Watch & Clock Fair will be hosted in Hong Kong Convention and Exhibition Centre. The world's largest timepiece event, with more than 17,500 buyers participating, up 4.5 per cent over last year. Emerging market buyers were up significantly, including Iran (up 32 per cent), the Chinese mainland (up 17 per cent) and Russia (up 17 per cent).